BNN Technology: Many selling opportunities emerge

Many selling opportunities have emerged on BNN Technology shares (LSE:BNN). The market has been trending southwards for the past several months and that is a trend that is supposed to continue.

4 EMAs are used for this strategy and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart.

All the 4 EMAs are trending downwards, signaling a very weak market. The best approach in this market is to sell short-term rallies, especially when price rallies into the EMA 20 or 50, and begins to go downwards again.

BNN Technology may reach the demand levels at 40.00, 35.00 and 30.00 within the next several months.

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Traders’ Mindset: Traders' Mindset

  

Source: http://uk.advfn.com/newspaper/authors/azeez-mustapha

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